Atul Limited has surged over 8% to Rs 705, extending its previous day’s 19% rally, after reporting an over two-fold jump in standalone net profit at Rs 51.56 crore for the quarter ended March 31, 2014 (Q4FY14), on back of higher sales. Lalbhai Group agrochemicals firm had profit of Rs 21.44 crore in the same quarter year ago.
Net sales of the company increased by 32% to Rs 648 crore during the quarter under review against Rs 491 crore during the previous quarter ended March 2013.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved substantially to 15.4% in March 2014 quarter from 9.59% in year ago quarter.
Meanwhile, the board has proposed dividend of 75% or Rs 7.50 per equity share for the year ended March 31, 2014.
The stock opened at Rs 661 and touched a record high of Rs 722 on the NSE. A combined 1.3 million shares changed hands on the counter till 1010 hours on the NSE and BSE.
Net sales of the company increased by 32% to Rs 648 crore during the quarter under review against Rs 491 crore during the previous quarter ended March 2013.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved substantially to 15.4% in March 2014 quarter from 9.59% in year ago quarter.
Meanwhile, the board has proposed dividend of 75% or Rs 7.50 per equity share for the year ended March 31, 2014.
The stock opened at Rs 661 and touched a record high of Rs 722 on the NSE. A combined 1.3 million shares changed hands on the counter till 1010 hours on the NSE and BSE.
